• net worth updates

    Net Worth Update June

    net worth update june 2020

    Where did June go? Anyone still here? I hope you guys find the way back to my blog at least a few times a month. I have repeated a sentence “consistency is the key to success” all over, again and again, to keep myself disciplined to post at least 2-3 times a month and started a side hustle too. Hit a subscribe button to get notified with the new posts. I will not spam anything else. Because I hate spam posts too.

    I also started an r/networthgainer at reddit.com. A community dedicated to gaining wealth. Budgeting, investing, trading, economics discussion, side hustling, and passive income. Ask for feedback for your project/website/blog, or build a team to make something together. You are all welcomed to join to make it an active subreddit.

    In June I achieved one of my 2020 goals to have at least 10 000€ in my emergency fund.

    Now that I have achieved this goal I shift my focus to building additional income streams through side hustles. For example, I started a Youtube channel: Dash Cam Weekly, currently have 6 videos and roughly 800 views. It is my first ever Youtube channel. To get monetized on Youtube I will need at least 1000 genuine subscribers and 4000 hours of watch time. I am at 109 subscribers and 44 hours at the moment. It is completely free to produce content and takes about 1-2 hours to do a video, but there is a lot of competition to get an audience, but CONSISTENCY IS KEY TO SUCCESS, and I am dedicated to making at least 33 videos and hopefully gain traction along the way.

    Now let’s start with net worth update

    Quick overview

    The total amount saved in June €1378.63 (-37.72%) Invested: + 150€ in equity funds +400€ in cryptocurrencies On the 1. July my total net worth stands at 18 005.43€(+8.2%)


    It took a whole month to get back 4 loans. Received 7.15€ in interest payments.

    Now almost all loans in my Mintos lending portfolio are overdue by now. I stopped giving out loans at the end of February. It has been 4 months. I should theoretically have most of my money back by September. Well, that is what I am hoping for.

    Yes, crowdfunding was good until Covid-19 happened. Is anyone else also investing in Mintos? Are you still give out loans or did you exit already?

    My strategy is to exit crowdfunding for now and put this money into dividend-paying stocks.

    mintos referral code
    Mintos sceenshot


    Happy to see green numbers in my tiny stock portfolio. HAE1T also announced a dividend payout of 0.14€ per share.

    I did not acquire anything in June and I didn’t receive any dividends.

    my stock market portfolio
    My stock portfolio June 2020

    Equity funds

    I bought 150€ worth of NHCBHFFT shares in June. Lowered my average purchase price a little bit. It will nice to receive a slightly bigger dividend payout next quarter.

    I didn’t receive any dividends in June.

    equity funds
    My equity fund portfolio

    Bank savings account

    10454.7€ in my bank savings account mean’s I have reached my 2020 goal to have at least 10 000€ in my emergency fund. I am holding it on easily accessible savings account on 0.75%-1.25% percent interest every year. This month I got 4.14€.

    This is enough to cover 12 months of basic livings costs for me. It is easier because I share my apartment and we split most of the bills.

    Cryptocurrencies [AUD]

    In June I put some more money in to make trading more fun. Had few good trades making 40-60$ profit per trade. At the end of month had to take some loss to buy in back cheaper. Learning to trade is fun. 2500$ is about max I am willing to trade with. I am long term believer in cryptocurrencies. If I get “stuck” in a trade then I am okay to HODL (hold for long time).

    coinspot referral code
    My cryptocurrency portfolio at Coinspot

    Total passive income

    I started tracking my total passive income from January 2020 and right now I am holding dividend-paying shares, the interest-paying fund, opened a savings account, and hold a small portfolio in the Mintos P2P marketplace. The total passive income in May was 11.29€(-23.66%).

    11€ will buy me 4 cups of coffee in Sydney, Australia.

    Passive income June 2020
    Passive income June 2020


    On the 1. July my total net worth stands at 18 005.43€ which s 8.2% gains comparing to 1.June.

    It is 99% from active work, but overall it does not really bother me. Right now it is important to have a ball going and start picking fruits after a few years.

    my net worth june 2020
    My net worth June 2020


    It has been a year since I started documenting my net worth.

    I have come from 1000€ to 18 000€ in one year. I actually haven’t been really frugal to achieve this. But at the same time, I haven’t really bought myself anything expensive. I have a 10-year-old car. 2-year-old phone. The last time I bought clothes was like 4 months ago. The last most expensive thing I bought was earphones that cost me 300€. But other than that my top 5 expenses are:

    • Rent
    • Food
    • Fuel
    • School payments (for my visa in Australia)
    • Electricity & Home internet

    And to be honest. I don’t miss anything a part that I miss freedom. To be my own boss and having a schedule as I want. To have time to travel around the world without having any restrictions.

    But now in 2020, it is another type of world. Where freedom is an illusion and can be taken away by authorities whenever they please. Disguised as taking care of our health.

    I hope you found it easy to follow this post and do not forget to subscribe to my blog to get notified when there is a new blog post.

    Be well and thank you for visiting net worth gainer!